Online eFiling Software
The requirement of filing the annual VAT statements by traders in addition to monthly returns will be dispensed with. | The penalty levied on late filing of monthly returns will be reduced from 10% to 5% if the delay does not exceed 10 days. | The system of e-filing of tax returns will be introduced selectively during the current year. | CBDT has notified Industrial Park Scheme 2008 expanding the ambit of “industrial activity” to include research and experimental development on natural sciences and engineering, development of computer software, and information technology enabled services. | Net direct tax collections in the first quarter of the present fiscal stood at Rs.57,373 crore, up from Rs.41,391 crore, registering a growth of 38.61 percent. | Shri Narendra Bahadur Singh has taken over as Chairman of the Central Board of Direct Taxes with effect from the afternoon of 30 June 2008. | As a part of the modernization of computer infrastructure in the Income Tax Department, the Computer Centers at Amritsar, Baroda and Rohtak will be shutdown for a period from 27.06.2008 to 09.08.2008. During this period the work of issue of PAN card would be stopped completely in these centers.
 
 
Notifications:
F.No. 275/6/2008-IT(B) Government of India Ministry of Finance
Department of Revenue Central Board of Direct Tax
New Delhi dated 28th January 2008

Subject :- Order under section 119(2)(a) of the Income –Tax Act, 1961 regarding extension of time or filing of Tax Deduction/Collection at source Returns for the 2nd quarter and non-levy of penalty or delay in filing for the same.
In exercises of the powers conferred by clause (a) of sub-section (2) of section 119 of the Income-Tax Act’1961, the Central Board of Direct Taxes hereby extends the due date for filing of quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the quarter ending 30th September 2007 of financial year 2007-08 as per the provisions of section 200(3) and proviso to section 206C(3) respectively, to 29th February 2008.
(Ansuman Pattnaik)
Deputy Secretary (Budget)
Tele Fax No 2309 2641

Copy to:-

  1. All Chief Commissioner and Director General of Income Tax.
  2. All Officer and Technical Sections of CBDT
  3. Director of inspection (Inv)/IT/Audit/Vigilance/ RSP&PR / Recovery/Spl.Inv.
  4. Dy. Director of Inspection (P&PI)/ Asstt. Director of Inspection (Bulletin) N.D
  5. C & AG of India (40 copies).
  6. Competent Authority, Chennai, Delhi, Mumbai,& Calcutta.
  7. JS & Legal Adviser, Ministry of Law & Justice, New Delhi,
  8. Director (DOMS) (IT) New Delhi,
  9. Director General, NADT,
  10. Commissioner (AAR).
(Ansuman Pattnaik)
Deputy Secretary (Budget)